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A major pension crisis has made its way to Harvey, Illinois. Now, the whole State might suffer while you foot part of the bill…

Peter Reagan, June 27, 2018

In a city with 20% unemployment, property taxes over 5%, and home values declining by 80% over the last decade, greed and incompetence from Harvey, Illinois’ government seem to have a higher priority over solving economic problems.

China is taking the next big step towards dethroning the dollar as #1 global reserve currency. And this strategy could send gold soaring…

Peter Reagan, October 27, 2017

For decades, countries have paid for oil with the petrodollar, which supports the U.S. dollar’s value and fuels U.S. government deficit spending.

But now, with the advent of the “petroyuan”, China is upsetting this system. It started in June, when Beijing established a direct-trade relationship with Russia allowing for oil purchases to be made in yuan.

Not long after, China turned its sights to Saudi Arabia. But the discussion didn’t flow as smoothly as it did with Russia. That’s why China is taking things one step further…

Gold Solves Petroyuan Concerns

China found that some nations don’t want to accept the yuan in exchange for oil, because it is still too illiquid and unestablished. But China has an ingenious solution: Simply back the petroyuan with gold.

Gold holds a significant draw for exporters over the yuan alone, so these new gold-backed contracts are opening the door for the petrodollar to be overturned… permanently.

Grant Williams, an adviser to Vulpes Investment Management, puts it simply: “It’s a strategic move swapping oil for gold, rather than for U.S. Treasuries, which can be printed out of thin air.”

How to Leverage China’s Global Reset

Depending on how your savings are invested, China’s new gold-backed petroyuan futures contracts could either be good news or bad news.

If your savings are heavily backed in dollars, consider this a huge warning. As the petrodollar crumbles, so may the value of the USD.

But, there’s one asset that could benefit handsomely: physical gold.

For the first time since our nation abandoned the gold standard, physical gold is being reintroduced to the global monetary system in a major way.